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Dec 7, 2012
12/12
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we have to pay for all this government. the big mistake is growing government. >> although there's a room for balance, i don't say peter's wrong entirely, the fact of the matter is the top 2% are not paying their fair share. american people don't think so. the numbers don't add up. if you want a deal here, you're going to have to raise the rates and then if you want to talk about spending cuts, as i think the president will eventually do, you'll see a last-minute agreement. >> first of all, i'm in the top 2%. i'm paying 45% of my total income in income tacks boxes to state of connecticut and the government. >> you need a better accountant, peter. >> more than half of my income is going to go to the government. you tell me, what's fair about that? >> i'll tell you what's fair about that -- >> i'm paying half. excuse me. i don't care what the majority voted to do. they don't have a right to steal my money just because they vote for it. >> i'll tell you what the problem is. we're in a crisis. we're in a crisis caused by the bu
we have to pay for all this government. the big mistake is growing government. >> although there's a room for balance, i don't say peter's wrong entirely, the fact of the matter is the top 2% are not paying their fair share. american people don't think so. the numbers don't add up. if you want a deal here, you're going to have to raise the rates and then if you want to talk about spending cuts, as i think the president will eventually do, you'll see a last-minute agreement. >> first...
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Dec 6, 2012
12/12
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CNBC
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residential investment and government infrastructure, which is way down from historical levels, and business structures investment, that's important, but the locomotive that pulls our economy is investment in equipment and software. whether it's for an oil cater in the basis or a high-tech start-up buying servers and routers and things of that nature. it's our reduced level of capital investment that's produced our low gdp growth rates and our high unemployment. and high tax rates at the corporate level worldwide are directly related to high unemployment levels. you've got to stimulate investment in the united states and a lower corporate tax rate and a so-called territorial system where you don't tax profits made, say, from selling disposable diapers in china to chinese citizens. has to pay a tax to come back in the united states. >> let me get your take, fred. everything you say makes a lot of sense. yet, here we are on the edge of this fiscal cliff. we're not sure what will happen. many people predicting we'll go over the cliff. if we go over the cliff and the automatic spending cuts take
residential investment and government infrastructure, which is way down from historical levels, and business structures investment, that's important, but the locomotive that pulls our economy is investment in equipment and software. whether it's for an oil cater in the basis or a high-tech start-up buying servers and routers and things of that nature. it's our reduced level of capital investment that's produced our low gdp growth rates and our high unemployment. and high tax rates at the...
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Nov 30, 2012
11/12
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FBC
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it is government money of the scale. with government money often comes red tape and perhaps bureaucracy. how have you managed to chop through that and continue to keep things sound? >> we are proud to get red tape out of the way in to keep the bureaucracy to a fair minimum. we are the largest supporter in the world. when you hear about a breakthrough in some medical research project in stamford or chicago or washington university in st. louis, it is extremely likely that we funded that. we funded that with your dollars. in many instances it does not have a direct connection to a product. the economic benefits of this are enormous. liz: and searching cases that regulation would help to make sure things do not get fast tracked so quickly to make sure people do not die from side effects. at the same token, they can keep medications off the shelf and people die because it is not out there fast enough. how do you bridge that gap? >> the first thing is, you need financial capital. many years ago, we try to refocus the country'
it is government money of the scale. with government money often comes red tape and perhaps bureaucracy. how have you managed to chop through that and continue to keep things sound? >> we are proud to get red tape out of the way in to keep the bureaucracy to a fair minimum. we are the largest supporter in the world. when you hear about a breakthrough in some medical research project in stamford or chicago or washington university in st. louis, it is extremely likely that we funded that....
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up to 30%, the government raises or money by having a tax of 30%. liz: you are a very large shareholder, if not the very largest, you are saving about $690,000 on your tax bill as well. that gives people a sense of how much money could possibly be saved. in 2015, will you start paying dividends again? >> i cannot decide. it is not just up to me. we will take a look at that and see what the story is. our goal is to reward shareholders. there are other ways to do that by buying shares back, increasing earnings per share, decreasing numbers of shares. we always will take care of our customers, that is what we do and that is why we are% successful. liz: thank you for coming on the show. robert shillman. i want to make a point about this. we love the product. it speeds up our lives. a fascinating window into why companies and boards are doing this. "the closing bell" ringing in 48 minutes. we are at session highs right now. you just heard doctor shillman who is increasing his dividend and speeding up the payouts. we have another fund manager with a compl
up to 30%, the government raises or money by having a tax of 30%. liz: you are a very large shareholder, if not the very largest, you are saving about $690,000 on your tax bill as well. that gives people a sense of how much money could possibly be saved. in 2015, will you start paying dividends again? >> i cannot decide. it is not just up to me. we will take a look at that and see what the story is. our goal is to reward shareholders. there are other ways to do that by buying shares back,...
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make sure people in washington understand is if all that is done is a cost shifting from the federal government to the state, it doesn't accomplish much because states are not in a position to pick up the extra costs. >> speaking as governor of the stage we execute. we have to get things done. unfortunately congress doesn't. they can throw rocks at each other and leave it for another day and kick the can down the road. governors have to get things done today. we would hope congress will watch the governor's listen to the states. i think we can help him find compromise. liz: governor mark l. will be on neil cavuto tonight at 8:00 p.m. eastern. you cannot miss that interview. see what he has to say about today's trip to the white house. he does amazing interviews with these governors. you got to hear what he has to say. the fear of falling over the cliff real if you with a look at the chart of the fear index, you might not think so at all. it is incredibly low but market players and insiders are already making trades in advance of something aaron next guest says is about to get to the mix. let's
make sure people in washington understand is if all that is done is a cost shifting from the federal government to the state, it doesn't accomplish much because states are not in a position to pick up the extra costs. >> speaking as governor of the stage we execute. we have to get things done. unfortunately congress doesn't. they can throw rocks at each other and leave it for another day and kick the can down the road. governors have to get things done today. we would hope congress will...
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the guyys been in government most of his life. i think he did a little work early on -- lori: how many years was he at the new york fed? >> i think eight, but i could be wrong. i just remember looking at his bio, and he spent some time with kissinger and associates, but that was way early in his career. i believe he was at the world bank, then he was at the fed, and now he's at treasury. he's a guy that, you know, was in, was in government for a long, long time. it's not a, you know, so you figure he's making, what, he's not making a hell of a lot of money, right? lori: thank you. >> so he'll work somewhere. you know, i'll tell you, if larry fink stays at blackrock, i could see him going to blackrock. lori: okay. >> we should also point out that he's friends with jamie dimon. lori: we're going to hit our break. >> i'm sorry. lori: i could talk to you all day. >> i don't wear earpieces, so i don't have people screaming in my ear. lori: it was interesting, of course, as always. closing bell ringing in half an hour. microsoft wants t
the guyys been in government most of his life. i think he did a little work early on -- lori: how many years was he at the new york fed? >> i think eight, but i could be wrong. i just remember looking at his bio, and he spent some time with kissinger and associates, but that was way early in his career. i believe he was at the world bank, then he was at the fed, and now he's at treasury. he's a guy that, you know, was in, was in government for a long, long time. it's not a, you know, so...
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Nov 30, 2012
11/12
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CNBC
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government is mocking us. take a look at the markets today. the dow jones industrial average had a burst at the close. it was up at 30 points
government is mocking us. take a look at the markets today. the dow jones industrial average had a burst at the close. it was up at 30 points